by Summary:
Excellent summary of the recognition of the classical fallacy by Keynes, what followed, and why neoclassical economics is proving so difficult to dislodge even though it has been discredited. Note: This is not the only fallacy that plays a part in neoclassical assumptions. The fallacy of composition is another, as Keynes also observed.Social Europe'Fridays for Keynesianism' Peter Bofinger | Professor of Economics at Würzburg University and a former member of the German Council of Economic ExpertsSee alsoBrave New EuropePaul Romer: The Dismal Kingdom – Do Economists Have Too Much Power?Mathew D. Rose
Topics:
Mike Norman considers the following as important: assumptions economic modeling, john maynard keynes, neoclassical economics, Post Keynesian Economics
This could be interesting, too:
Excellent summary of the recognition of the classical fallacy by Keynes, what followed, and why neoclassical economics is proving so difficult to dislodge even though it has been discredited. Note: This is not the only fallacy that plays a part in neoclassical assumptions. The fallacy of composition is another, as Keynes also observed.Social Europe'Fridays for Keynesianism' Peter Bofinger | Professor of Economics at Würzburg University and a former member of the German Council of Economic ExpertsSee alsoBrave New EuropePaul Romer: The Dismal Kingdom – Do Economists Have Too Much Power?Mathew D. Rose
Topics:
Mike Norman considers the following as important: assumptions economic modeling, john maynard keynes, neoclassical economics, Post Keynesian Economics
This could be interesting, too:
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Excellent summary of the recognition of the classical fallacy by Keynes, what followed, and why neoclassical economics is proving so difficult to dislodge even though it has been discredited.
Note: This is not the only fallacy that plays a part in neoclassical assumptions. The fallacy of composition is another, as Keynes also observed.
Peter Bofinger | Professor of Economics at Würzburg University and a former member of the German Council of Economic ExpertsSocial Europe
'Fridays for Keynesianism'
See also
Brave New Europe
Paul Romer: The Dismal Kingdom – Do Economists Have Too Much Power?
Mathew D. Rose